Iran, Turkey investigating trade via national currencies: CBI gov.

TEHRAN, Sep. 16 (MNA) – Governor of the Central Bank of Iran (CBI) said on Monday that during the meeting held between Presidents of Iran and Turkey on the same day in Ankara, the two sides focused on expansion of trade and banking ties besides doing monetary transactions via Rial or Lira.

“Mutual talks between Iranian and Turkish Presidents, held today, majorly revolved around improvement of economic, trade and banking relations between the two sides besides improvement of bilateral trade volume and removal of banking difficulties, and in particular, development of cooperation between the central banks of the two countries to increase doing common monetary transactions through national currencies,” Abdolnaser Hemmati wrote on social media.

Rouhani arrived in Turkey on Sunday night to take part in a trilateral meeting with his Russian and Turkish counterparts in order to discuss a political resolution to the crisis in Syria.

A delegation comprised of Iranian ministers of foreign affairs, defense, energy, agriculture, the CEO of the Central Bank of Iran (CBI) and other Iranian top officials are accompanying Rouhani in this visit.

Earlier in April 2019, The Turkish Foreign Minister Mevlut Cavusoglu said that Turkey is taking into account establishing new trade mechanisms with Iran, like the INSTEX system set up by European countries, to avoid US sanctions reimposed last year on exports of Iranian oil, Reuters has reported.

Cavusoglu reiterated Turkey’s opposition to the sanctions and said Ankara and neighboring Iran needed to keep working to raise their bilateral trade to a target of $30 billion, around triple current levels, according to Reuters.

“Along with the existing mechanisms, we evaluated how we can establish new mechanisms, like we can remove the obstacles before us and before trade,” Cavusoglu told a news conference after talks with his Iranian counterpart Javad Zarif.


News Code 150123


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